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The Loan Submission Process

An Overview of the loan process. Make no mistake, there's a lot invloved in getting a commercial loan. That's what we're here for.

The Loan Process

- Loan Sumbmission
- EC Evaluation and Presentation to Committee
- Conditional Approval 
- Processing/Underwriting 
- Commitment 
- Funding

TYPES OF LOANS


FULL DOC LOAN - PURCHASE

List of Documents Needed: ( Additional documents may be required)

- Executive Summary with exit strategy 
- Business Plan 
- History of the Business
- Completed 1003 Application 
- Credit Report within 30 days 
- Purchase Contract Agreement 
- 3 Years Business Tax Returns (Seller) / 3 Years Personal Tax Returns (Borrower)
- Personal Financial Statement of Borrower(s) (within 30 days) 
- Current Business Financial Statement 
- Current Year to Date Profit & Loss Statement 
- 3 Years Balance sheet & Profit & Loss Statement
- Income & Expense Projections (12 months)
- 6 months Bank Statements (Business) 
- Borrower(s) Resume 
- Articles of Incorporation 
- Certificate of Good Standing 
- Business License 
- Copy of Current Property Tax Bill
- Rent Roll & Leases (to include: tenant name, unit number, sq. ft of each unit, rent amount, date lease started, expiration date of lease)
- If Applicable 4 Color Photos of the Property (Inside & Outside) 

ALL DOCUMENTS MUST BE IN ELECTRONIC FORMAT AND SHOULD BE ABLE TO BE TRANSMITTED TO EC VIA EMAIL.

There are many types of loans in the commercial lending space.

Please note that Requested Documents will vary with the type of loan/project you have. Generally the list above outlines a good starting point for required documentation.

Partial List of Loan Types: 

REFINANCE LOANS
GAS STATIONS
SBA
LAND LOANS
CHURCH LOANS
HARD EQUITY MONEY
BRIDGE LOANS

FINANCIALS THAT ARE HANDWRITTEN WILL NOT BE ACCEPTED.

FINANCIALS FROM A CPA/ACCOUNTANT WILL BE ACCEPTED.

Contact us today to discuss your Commercial Lending Requirements.